CMDT vs VOO
PIMCO Commodity Strategy Active Exchange-Traded Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. CMDT delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | CMDT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $826M | $997.4B | |
| Dividend Yield | 1.91% | 1.08% | |
| Holdings | 352 | 509 | |
| YTD Return | +22.53% | +14.27% | |
| 1Y Return | +31.53% | +21.79% | |
| 3Y Return (annualized) | +13.49% | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 11.3% | 14.2% | |
| Max Drawdown | -13.2% | -34.3% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Commodity | Equity | |
| Inception | May 9, 2023 | Sep 7, 2010 |
CMDT vs VOO Performance
PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) is a ETF from PIMCO (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CMDT returned +31.53% while VOO returned +21.79%. Year to date, CMDT is up 22.53% versus a gain of 14.27% for VOO.
Over three years, CMDT compounded at +13.49% per year against +22.19% for VOO. Across the full 3-year window we track, CMDT has the edge at +14.47% annualized vs +13.59%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 11.3% for CMDT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.2% for CMDT and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.04. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CMDT charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, CMDT currently yields 1.91% against 1.08% for VOO.
Holdings Overlap
CMDT and VOO share 0 holdings out of 654 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CMDT or VOO?
CMDT has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, CMDT or VOO?
Over the past year CMDT returned +31.53% vs +21.79% for VOO, so CMDT leads on 1-year performance. Over the longest common window we track (3 years), CMDT annualized +14.47% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, CMDT or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 11.3% for CMDT. Worst drawdown: CMDT -13.2% vs VOO -34.3%.
Should I hold both CMDT and VOO?
CMDT and VOO have a monthly-return correlation of 0.04, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CMDT and VOO?
CMDT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 654 unique securities.
Which pays a higher dividend, CMDT or VOO?
CMDT yields 1.91% while VOO yields 1.08%, so CMDT currently pays the higher dividend yield.
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